Wang Yung-ching

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Wang Yung-ching, Taiwanese industrialist (born Jan. 18, 1917, Hsin-tien, Taiwan—died Oct. 15, 2008, Livingston, N.J.), was founder and chairman of the Formosa Plastics Group, Taiwan’s largest manufacturing conglomerate. Wang established the group’s flagship business, the Formosa Plastics Corp., in 1954 and built the company into one of the world’s largest suppliers of polyvinyl chloride (PVC). Dubbed the “god of management” for his business acumen, Wang successfully expanded the group before stepping down as chairman in 2006. At the time of his death, Forbes magazine ranked him as the second richest person in Taiwan, with a fortune estimated at $6.8 billion.